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Art Gallery Seeking Loan in Mumbai, India

Closed-ended auction company connecting elite clientele and global auction markets seeks funds for expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 250 thousand
Run Rate Sales USD 130 thousand
EBITDA Margin 12 %
Industries Art Galleries + 1 more
Locations  Mumbai
Local Time 6:46 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 250 thousand for 18.0% annual interest, 3 years (Native Currency: INR 20,000,000)
Reason: - Expansion of business, registering ourselves as an auction house on the global platform, marketing... View More
Collateral Available: USD 0
Includes physical assets worth USD 550 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Catalogue
GST Certificate
Udyog Aadhaar
Business Overview

- Mumbai-based company specializing in connecting avid buyers and available opportunities in the auction market.

- Completed 18 auction collaborations with auctioneers worldwide.

- Done over 900 global auction participation to date.

- Promoters have a cumulative experience of 13.5 years.

- Active participant in the auction industry for the last 10 years.

- Capital raised as of 31st March 2022 stands at INR 14 crore. We have serviced INR 5.25 crore and our current capital stands at INR 8.75 crore.

- Technologically backed process of procurement and sale of auction-worthy items.

- We are in the process of accumulating new assets for auction. As a result, our revenue has dropped. Need funds for the same reason.

- We generate revenue by selling auction-worthy items to customers for a profit and facilitating auction services through collaborations.

- Business has no loans or liabilities.

- Company has 2 partners with equal shares.

Products & Services Overview

- Auctions of rare coins, sports memorabilia, currency notes, and intellectual property.

- Purchase and sales of limited edition auction-worthy instruments.

Assets Overview

- Sports memorabilia is worth INR 2.25 crore approximately.

- Numismatics is worth INR 1.80 crore approximately.

- Miscellaneous auction worthy instruments and intellectual properties worth INR 45 lakhs approximately.

Facilities Overview

1,250 square feet fully furnished rented office headquartered in Thane.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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